CHOW TAI FOOK(HK:01929) Sou Hu Cai Jing·2025-12-18 09:00Group 1 - Chow Tai Fook has recently implemented price increases across its stores, with most products seeing a rise of 4% to 15% [2] - In March, Chow Tai Fook raised the prices of its gold products by 10% to 20%, and again in late October, with expected increases of 12% to 18% due to rising international gold prices [6] - Some popular gold items have experienced price hikes exceeding 30%, such as a specific bracelet that increased from 38,600 RMB to 50,800 RMB, marking a 31.6% rise [6] Group 2 - International gold prices are projected to have significant upward potential, with Goldman Sachs raising its price forecast to $4,900 per ounce by the end of 2026, and Citibank suggesting a long-term challenge to $5,000 [7] - The surge in gold prices is attributed to increased purchases by central banks and institutional investors, with Poland's central bank buying over 60 tons of gold in the first three quarters of the year [8] - As of November, China's gold reserves reached 7.412 million ounces, marking 13 consecutive months of increases [8] Group 3 - The rapid rise in gold prices is influenced by a loss of confidence in the US dollar and US Treasury bonds, heightened geopolitical risks, and concerns over AI market bubbles [10] - The price of gold has seen a historic increase, with a rise from over $3,000 per ounce in March to over $4,000 in October, indicating a potential for volatility and technical corrections [10] - Predictions for gold prices in the next 6 to 12 months range between $4,200 and $4,300 per ounce, with some institutions setting targets around $4,500 to $5,000 for the next 2 to 5 years [10]